The Stock Library
AIRASIA still have not got any signal for take off ..
Edwin Toh
Publish date: Sat, 17 Nov 2012, 09:24 AM
Edwin Toh
0 184
Talk about everything all under one roof which help us profit big money!! This blog have Technical Analyze Chart on Selected Stock and Forum for Daily Buy and Sell Call.
Disclaimer
All observation, buy call and sell call based on my own personal view are just for informational purpose and for my personal references to remind my self what i have analyze before and now for self improvement. Buy at your own risk and do not follow my view as i am only a novice analyzer with 60% success only..
Disclaimer
All observation, buy call and sell call based on my own personal view are just for informational purpose and for my personal references to remind my self what i have analyze before and now for self improvement. Buy at your own risk and do not follow my view as i am only a novice analyzer with 60% success only..
Well look like Airasia need to stay at the airport longer before taking off .. On Nov 16, it broke the support at 2.94..
Indicators
1 ) Trendline - Formed a downtrend after breaking the support..
2) Support/Resistance - Formed lower low ( Bearish )
3) MACD - 4r1g negated.. (Bearish )
4) RSI - Broke above 30% but after breaking below the support it retrace below the 30% again (Bearish )
5) STO -K% Drop below 20% (Bearish )
6) Ichimoku - a) Below the support cloud . If break above it will indicate bullish (Bearish)
b) Conversion line below the base line (Bearish)
c) Price below the baseline (Bearish)
7) Candlestick - Separating Lines which confirm the Bearish Continuation.. (Bearish) What is separating lines.. Click here
Conclusion:
Bearish- It did not manage to rebound and break above 3 to confirm the MACD 4R1G signal ( Bullish Reversal) but it negate it after break 2 supports at 2.97 and 2.94. With the candlestick separating lines it shows that it is a bearish continuation (Weak) and we only can buy if it breaks the bearish by break above the downtrend line which is at 2.97 on Nov 19 2012
New Buy Call on Nov 16
Entry Price at 2.98 ( Closed at or above it) - Break above the downtrend line
Stop Loss at 2.92
Take Profit at 3.08
Risk to Reward Ration ( RRR) =1.67 (Average)
Entry Price at 2.98 ( Closed at or above it) - Break above the downtrend line
Stop Loss at 2.92
Take Profit at 3.17
Risk to Reward Ration ( RRR) =3.17 (Rewarding)
Entry Price at 2.98 ( Closed at or above it) - Break above the downtrend line
Stop Loss at 2.92
Take Profit at 3.27
Risk to Reward Ration ( RRR) =4.83(Rewarding)
Resistance - 2.94 / 2.97 / 3.01 / 3.1 / 3.19 / 3.3 / 3.43
Indicators
1 ) Trendline - Formed a downtrend after breaking the support..
2) Support/Resistance - Formed lower low ( Bearish )
3) MACD - 4r1g negated.. (Bearish )
4) RSI - Broke above 30% but after breaking below the support it retrace below the 30% again (Bearish )
5) STO -K% Drop below 20% (Bearish )
6) Ichimoku - a) Below the support cloud . If break above it will indicate bullish (Bearish)
b) Conversion line below the base line (Bearish)
c) Price below the baseline (Bearish)
7) Candlestick - Separating Lines which confirm the Bearish Continuation.. (Bearish) What is separating lines.. Click here
Bearish- It did not manage to rebound and break above 3 to confirm the MACD 4R1G signal ( Bullish Reversal) but it negate it after break 2 supports at 2.97 and 2.94. With the candlestick separating lines it shows that it is a bearish continuation (Weak) and we only can buy if it breaks the bearish by break above the downtrend line which is at 2.97 on Nov 19 2012
Counter Trend Style
Previous Entry Price FAILED on Nov 16
Entry Price at 3.02 ( Closed at or above it) FAILED (Did not reach and broke the next support)
Stop Loss at 2.96
Take Profit at 3.08
Risk to Reward Ration (RRR) =1(Average)
Entry Price at 3.02 ( Closed at or above it) FAILED (Did not reach and broke the next support)
Stop Loss at 2.96
Take Profit at 3.17
Risk to Reward Ration ( RRR) =2.5 (Slightly Rewarding)
Entry Price at 3.02 ( Closed at or above it) FAILED (Did not reach and broke the next support)
Stop Loss at 2.96
Take Profit at 3.27
Risk to Reward Ration ( RRR) =4.17 (Rewarding)
Stop Loss at 2.96
Take Profit at 3.08
Risk to Reward Ration (RRR) =1(Average)
Entry Price at 3.02 ( Closed at or above it) FAILED (Did not reach and broke the next support)
Stop Loss at 2.96
Take Profit at 3.17
Risk to Reward Ration ( RRR) =2.5 (Slightly Rewarding)
Entry Price at 3.02 ( Closed at or above it) FAILED (Did not reach and broke the next support)
Stop Loss at 2.96
Take Profit at 3.27
Risk to Reward Ration ( RRR) =4.17 (Rewarding)
New Buy Call on Nov 16
Entry Price at 2.98 ( Closed at or above it) - Break above the downtrend line
Stop Loss at 2.92
Take Profit at 3.08
Risk to Reward Ration ( RRR) =1.67 (Average)
Entry Price at 2.98 ( Closed at or above it) - Break above the downtrend line
Stop Loss at 2.92
Take Profit at 3.17
Risk to Reward Ration ( RRR) =3.17 (Rewarding)
Entry Price at 2.98 ( Closed at or above it) - Break above the downtrend line
Stop Loss at 2.92
Take Profit at 3.27
Risk to Reward Ration ( RRR) =4.83(Rewarding)
Resistance - 2.94 / 2.97 / 3.01 / 3.1 / 3.19 / 3.3 / 3.43
Support - 2.89/ 2.85 / 2.8
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